2023 MAD to TZS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MAD to TZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MAD to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 5, valuing the pair at 257.3525. Conversely, the yearly low was recorded on January 3, dropping to 221.7464.
This high-to-low spread represents a total annual volatility of 35.6061 TZS. From a start-to-finish perspective, comparing the January average rate of 228.1293 to the December average rate of 250.2275, the exchange rate registered a net change of 9.69% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 257.3525 was up 2.82% compared to the 2022 peak of 250.3054, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MAD to TZS Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 230.5768, compared to 247.9914 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 17.4146 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 11.7540 TZS (High: 244.0133 / Low: 232.2593). On the other end, September was the most stable month, with a tight range of 3.9858 TZS (High: 246.6933 / Low: 242.7075).
Growth Streaks & Declines
TrendsBetween March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 7.1229 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2023: 251.9913) against the same month in 2022 (average: 224.1277), the exchange rate shifted by +27.8636 (+12.43%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 232.3087 | 221.7464 | 228.1293 |
| February | 230.5290 | 224.2194 | 226.7684 |
| March | 228.7612 | 222.8978 | 226.0252 |
| April | 237.3337 | 228.0295 | 231.4931 |
| May | 236.4132 | 230.9320 | 233.4464 |
| June | 244.0133 | 232.2593 | 237.5987 |
| July | 254.5974 | 244.0133 | 250.6187 |
| August | 257.3525 | 246.0440 | 251.9913 |
| September | 246.6933 | 242.7075 | 244.8684 |
| October | 246.3575 | 242.2163 | 243.8779 |
| November | 249.5623 | 242.5448 | 246.3646 |
| December | 255.3188 | 245.9214 | 250.2275 |